Built Environment Networking Blog: West Midlands News

SEARCH NEWS BY SECTOR OR REGION

Showing news results for West Midlands

View all news

£1.9bn Smithfield Birmingham project plans submitted

Plans for the £1.9bn Smithfield Birmingham regeneration project have been submitted. The development of residential, commercial and leisure facilities is set to create thousands of jobs. Birmingham City Council appointed Lendlease, an international real estate and investment group to prepare the hybrid proposals. Permission has been sought for approximately 3,000 residential units, along with 274,000 […]

Posted by: Nathan Spencer

Read more

11-PBSA units totalling 4,500 beds sold in £306m deal

Unite Students has disposed of an 11-strong property portfolio – comprising 4,488 beds – for £306m, with the company’s share sitting at £236m. The deal – struck with an affiliate of Lone Star Funds – includes assets in Sheffield (1,700 beds), Reading (703 beds), Leicester (665 beds), Bedford (517 beds), Liverpool (390 beds), Birmingham (337 beds), […]

Posted by: Nathan Spencer

Read more

Arden Cross unveils major medtech campus plans at HS2 site

Arden Cross Ltd has signed a Memorandum of Understanding (MOU) with both University Hospitals Birmingham (UHB) and the University of Warwick to explore opportunities for creating a new Medical & Technology Campus to deliver world-beating innovation in healthcare as part of the £3.2 billion Arden Cross development. This crucial next step in bringing the Arden […]

Posted by: Nathan Spencer

Read more

Aver acquires Trebor Developments M6 industrial scheme

Trebor Developments and Seddon Developments have sold their Prime Point 14 speculative, industrial, development to Aver Property Limited Partnership.  The site lies one minute from Junction 14 on the M6 Motorway. The two units of 66,628 sq ft and 76,742 sq ft will be constructed during 2022 by Seddon Construction Limited and provide high quality, […]

Posted by: Deividas Krupstas

Read more

Aviva Investors and Packaged Living to develop 195 homes

Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), and Packaged Living, the specialist UK Build-to-Rent developer, announce they have completed a deal to acquire and develop 195 homes in the West Midlands town of Telford, Shropshire. It is the first investment made since the two firms announced a partnership (‘The Partnership’) in […]

Posted by: Nathan Spencer

Read more

Bauer Media to relocate its West Midlands hub to 54 Hagley Road

Media giant Bauer, the name behind radio stations including KISS, Hits Radio, Absolute Radio and Planet Rock, has announced the move of its West Midlands hub to 54 Hagley Road, the landmark office complex in Edgbaston. The building will become home to Birmingham station Free Radio and Greatest Hits Radio Midlands as well as also a presence for Bauer’s […]

Posted by: Nathan Spencer

Read more

Birmingham Smethwick Corridor to create major regeneration opportunity

A plan for the regeneration of the Smethwick to Birmingham Corridor is going to cabinet for approval this week, providing a strategy for housing, transport and local heritage as the area is redeveloped. The Smethwick to Birmingham Corridor Framework promotes a co-ordinated approach to regeneration within the area encompassing Birmingham Mainline Canal, City Hospital and […]

Posted by: Nathan Spencer

Read more

BMO acquires logistics asset and supermarket in latest spree

UKREiiF attendee BMO Real Estate Partners (BMO REP), the pan-European property investment and asset management specialist arm of BMO Global Asset Management (EMEA), has acquired a Lidl store in Chichester, West Sussex for £9.5 million, reflecting a 4% net initial yield. The investment has been undertaken on behalf of a separate account mandate, for which […]

Posted by: Nathan Spencer

Read more

Bruntwood and L&G seek new partner for SciTech arm

A new partner is being sought by Bruntwood and Legal & General for their sciences platform SciTech, it has been confirmed. An additional investor is set to be added to the 50:50 joint venture which currently has ten locations across England. It is understood that both Bruntwood and Legal & General are not seeking to […]

Posted by: Nathan Spencer

Read more

Caskade Group acquires Birmingham Hotel in £12.5m deal

The Hotel Indigo in Birmingham has been sold to the Caskade Group off a listed price of £12.5m. The property features 52 rooms, a Marco Pierre White-branded restaurant, and a whiskey and cocktail lounge. It was designed by Ken Shuttleworth of Make, who was involved in the construction of the Gherkin building in London. The […]

Posted by: Nathan Spencer

Read more

Clowes acquires Birmingham office campus in £13m deal

Hillview Real Estate, the UK regional office investor, has sold an office campus on the edge of Birmingham to Clowes Developments for £13.1 million, reflecting a net initial yield of 7.5%. The campus is 2620-2650 Kings Court, which comprises six self-contained office buildings, totalling 52,373 sq ft, at Birmingham Business Park, the premier business park […]

Posted by: Nathan Spencer

Read more